ACA (Healthcare.gov) and dependent tax year (qualifying for savings)
On the site healthcare.gov/turning-26/ it says this (my question follows, this is for context and the yellow highlight):
Qualify for savings on a Marketplace plan
Whether you qualify for savings to lower your Marketplace plan costs (like the premium tax credit or other cost savings) is based on your household's income. Who's considered part of your household depends on how you file your taxes.
- If you’re not a tax dependent: You may qualify for savings based on your own income if you don't have an offer of affordable job-based coverage.
- If your parent will claim you as a tax dependent for the year after you turn 26: You may qualify for savings based on your parent's income and anyone else on their federal tax return.
In the second highlight with the bold letters, do they mean tax year or calendar year?
Situation: My dependent ages out (26) of my insurance plan in April 2024. He is not employed at this time. He lives with me for now. He has no spouse or dependents so he is a household of 1 but since he will be a dependent up until age 26 this calendar year, he would be a dependent (in calendar year 2024) when I do my taxes in CY 2025 for TY 2024.
Problem: in the bold orange text, it says if I will claim him as a tax dependent for the year after he turns 26. how I interpret that question depends on which type of year they refer to. He turns 26 in 2024, so do they mean the calendar year 2025 but filing for tax year 2024, or the calendar year 2026 filing for the tax year 2025?
